The following information applies to the questions displayed below) Carmen Camry operates a consulting firm called Help Today, which began operations on August 1 On August 31, the company's records show the following selected accounts and amounts for the month of August. Cash Accounts receivable Office supplies Land office equipment Accounts payable Common stock 25,370 Dividends 22,370 Consulting fees earned 5,260 Rent expense 44,010 Salaries expense 20,028 Telephone expense 10,540 Miscellaneous expenses 102,100 56,020 27,010 9,570 5,620 880 538 Exercise 2-16 Preparing an income statement LO C3, P3 Use the above information to prepare an August income statement for the business HELP TODAY Income Statement As of August 31 0 Answer is not complete. Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Prepare an income statement for the month ended December 31 ACCEL Income Statement For Month Ended December 31 Revenues Consulting revenue $ 34,000 Rental revenue 7,000 $ 41,000 . S Total Revenues Expenses Salaries expense Rent expense Advertising expense Utilities expense OOO 6.000 4000 2.800 2.400 Total Expenses 15.200 $ 25,800 Answer is not complete Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required) Prepare a statement of retained earnings for the month anded December 31. The retained earnings account balance at December I was 50. Mint: Use the net income calculated in part 1 ACCEL Stament of Reading For Month Ended December 31 Retained in December 1 Add Net income 25.000 10 4000 Didends Redang December 31 5 14.000 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a balance sheet as of December 31. Hint: Use the ending retained earnings balance calculated in part 2. ACCEL Balance Sheet ts of December 31 Assets: Liabilities: Cash 12,000 Accounts payable 4 800 Accounts recevable 10,000 Notes payable 2.800 Note receivable 5,000 Unearned revenue 3,600 Supplies 3,000 Prepaid Insurance 2.000 Total Liabilities 11.200 Equipment 10.200 0 0000 0 11.200 > Total Assets 42.200 Total Liabilities and Equity